Difference between purchases return and purchases allowance, Accounting Basics

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Difference between purchases return and purchases allowance

Response to the following problem:

If purchases returns and allowances are a decrease in purchases, why are returns and allowances credited to a separate account?

What is a primary difference between a purchases return and a purchases allowance?

When is a debit memorandum a proper source document for a purchases return or allowance?

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Accounting Basics: Difference between purchases return and purchases allowance

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Accounting Basics: Difference between purchases return and purchases allowance

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